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    Home Unlabelled Accounting “In theory, theory and practice are the same. In practice, they are not.”

    Accounting “In theory, theory and practice are the same. In practice, they are not.”

    August 30, 2021

    Accounting “In theory, theory and practice are the same. In practice, they are not.”

    “In theory, theory and practice are the same. In practice, they are not.”

    Posted: 30 Aug 2021 11:36 AM PDT

    Everytime

    Posted: 30 Aug 2021 07:00 AM PDT

    I know there's no shortage of corny accounting-related jokes out there, but this is overboard.

    Posted: 30 Aug 2021 05:09 PM PDT

    Whose going to tell him?

    Posted: 30 Aug 2021 04:18 PM PDT

    Lowest offer - am I offended?!

    Posted: 30 Aug 2021 05:50 PM PDT

    I interviewed for a very large company for my area in Central California.

    I have experience as a controller and bookkeeper and am familiar with tax forms. 10 years experience.

    They offered me 40,000 a year.

    That's like 19 an hour. Don't target employees start at 20?! I pay my housekeeper and childcare nannies 20 an hour! Childcare costs are 2000 a month and that's w a standard daycare !

    I have a masters and 10 years experience and close to passing scores on the cpa exam!

    And I got offered less than my childcare costs!!!

    I'm mostly laughing and a little bit peeved at this whole system.

    submitted by /u/Specialist_Bluejay33
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    booooo public accounting booooo

    Posted: 30 Aug 2021 05:37 PM PDT

    Is this normal? Is this what my degree is going to be worth?

    Posted: 30 Aug 2021 06:44 AM PDT

    What percent of your salary do you put into your 401k?

    Posted: 30 Aug 2021 07:06 AM PDT

    HAPPY MONDAY. READ THIS FOR MOTIVATION

    Posted: 30 Aug 2021 09:33 AM PDT

    Hey friend, yes you! Listen up. It's 9:32am pacific time. What day is it? It's the greatest day of your life. The sun is shining, you're healthy and I'm about to give you a motivational speech better than any shiz you'd hear in a rocky movie. We have a chance to be great, upper middle class, new camry with all the options, send your bratty kids to private college great. Let's email the damn clients, get the support we need, update the time trackers, tie the details back to the GL and get the audit done. I want you to throw back 8 glasses of water today, drink some black coffee (cuz cream makes you sluggish and fat), and then eat a salad later today. We're gonna finish work, take a power nap, hit the gym, and study our CPA prep books like a partner studies his Rolex bought with the tears of our youth. Life is too short to not be healthy and energetic. I'm gonna get a bag, you're gonna get a bag, and I want everyone reading this to send it to a fellow PA friend who's gonna get a bag. We suffer for a couple years and exit for bank. Or, if you're a psychopath you can stay in PA long term for bank. Welcome to the greatest day of your life. I'm your captain, and I'm flying us out to the land of wealth and freedom. Over and out!

    submitted by /u/acclife101
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    We can’t let them know…

    Posted: 30 Aug 2021 12:40 PM PDT

    After 2pm...

    Posted: 30 Aug 2021 11:19 AM PDT

    Hey all, new blood here (staff in Industry). I've noticed my place of employment tends to get slow after 2pm; that is to say most people have most or all of their work done (including me) and are generally just coasting. Strictly an observation on my part, no opinion on it.

    Is this normal across the field? I've got diddly for a frame of reference so was just wondering.

    submitted by /u/MasonsNumbers
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    Did anyone else hit an enormous wall regarding motivation at some point in public accounting?

    Posted: 30 Aug 2021 11:40 AM PDT

    My plan has pretty much been to get 2-3 years experience in public accounting, and gtfo once I get Senior. Well, I'm very close to being able to gtfo, but I've hit such a wall on motivation it's making me feel like shit.

    I hate waking up every day to keep doing this, and since I've lost 100% of any interest that I've had at any point in what I do for a living, it's so hard to even focus on my work.

    I just want to exist until I get Senior (although I know I can't do that or I risk the promotion...). I just don't even care about anything anymore. This is the worst part, but I feel like I wouldn't even be that upset if I got fired...

    Just wondering if this is common for the tail end of a public career. I have an idea of what I want to do next, and all I want to do while working is research more into that industry that I am interested in.

    Thanks for any feedback

    Edit: after posting I thought it might be worth mentioning that I am typically a very motivated and hard-working person, at least when I'm doing something that I care about. I have great reviews throughout my time and am expected to be promoted in the next round of promotions.

    submitted by /u/lookitstaxseasonnice
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    Relationship between me and accounting

    Posted: 30 Aug 2021 07:33 AM PDT

    After a year of not working, I was recently hired as a Senior and I have no accounting experience. I am concerned because the majority of the team is leaving next month and I have no clue what I am doing or where to even start!

    Posted: 30 Aug 2021 01:59 PM PDT

    I was recently hired as a senior and I took the job because I haven't worked in a year due to Covid and the money was really good.

    I was a bit weary because, during the interview, I literally was not asked about my accounting experience or professional experience.

    I was hired and it turns out that the reason I was hired so quickly was because 2 other seniors are leaving and I am going to be responsible for their duties for reviewing their work papers for their client deliverables, etc.

    I didn't get any training because they are too busy pushing out Q2 deliverables that are already late and so i am just not really even sure what to do or where to start. I get one-offs here and there but they just don't seem to care since they are leaving and just want to wrap up their existing work. Even my manager hasn't really been in touch or reached out due to Q2 and reviewing their work.

    I did study accounting at university and passed my CPA exam, but I don't have any real-world experience with regards to actually doing accounting work, reviewing work papers, etc.

    When shit hits the fan, should I just get up and leave? I am fortunate to start work again since I haven't worked in a year, but I just feel like this was not what I was expecting, and had I known this, I don't think I would have taken the role.

    Any serious reply or serious advice would be greatly appreciated.

    Thank you.

    submitted by /u/Alternative-Fox6236
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    Do you get Labor Day off?

    Posted: 30 Aug 2021 04:24 PM PDT

    Its tax busy season and was expecting to have both Sunday and Monday off for the holiday but they told us to pick one lolol I hate it here

    submitted by /u/Here4TheExperience
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    How well does an accounting career pay ?

    Posted: 30 Aug 2021 02:39 PM PDT

    How well does a career in accounting pay ? Will you say it's above average enough for you to comfortably live ? Is the pay really as bad as some say ?

    submitted by /u/NatureGreen2
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    How do I do interviews while still working?

    Posted: 30 Aug 2021 03:17 PM PDT

    My current employer put out an ad advertising my position so I am 95% sure they are going to fire me when they get a decent candidate. I started applying and finally got a hit for an interview, but they went to do it in the middle of the work day. How the hell am I supposed to interview while working? What should I tell the hr rep? I already said I am presently employed in my application, I haven't responded to their email yet. Also I am a first year and have been working like 10 months so far

    submitted by /u/chichialover
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    What’s your feeling two weeks before CFE

    Posted: 30 Aug 2021 06:39 PM PDT

    I'm registered to take the CFE in two weeks (Canada). I keep surprising my self with new stuff that I have to learn. How did you feel before the exam?

    submitted by /u/Building-Relative
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    Is public accounting designed to make you feel inadequate everyday?

    Posted: 30 Aug 2021 07:41 AM PDT

    I'm almost a year in and i still feel like i barely know what I'm doing or maybe just getting so many review notes is starting to discourage me and makes me question my abilities

    submitted by /u/laxativecookie1001
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    Are mid-tiers’ pay usually higher than big4?

    Posted: 30 Aug 2021 06:18 PM PDT

    Or are they about the same? Or even lower?? Audit staff if that helps. Glassdoors suggest it's lower.. but are they even reliable ? their data might be mixed with a bunch of old ones.. so I thought I'd ask here. Thanks!

    submitted by /u/ffwwtt
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    Help please��

    Posted: 30 Aug 2021 04:29 PM PDT

    Hi everyone, I need some help with if it's just me or if others felt like they didn't know anything when they graduated too. A little about myself, im 24. I graduated in 2019 with my bachelor's in accounting with a pretty good GPA (passed all my courses with As and Bs) but I was too scared to get an accounting job because I felt like I never learned anything and just passed with luck. I was working with my parents at their icecream shop as just a server but also helping them keep records of their income/expenses since they had an accountant but he didn't really communicate how they were doing financially. Then I went to amazon for a year (became a problem solver and on boarding trainer) and now have been working at a different warehouse for 3 months with the title 'clerk' but don't really do any clerical work since I am in a small department, I mostly unload trucks. I went back to school for my masters in accounting and am in my last year but still no real accounting experience, also I have been feeling a serious case of imposter syndrome where I feel like I'm not smart enough for grad school or qualified enough to apply to entry level accounting jobs. Should I just start applying, and do you think it looks bad that I haven't had a real accounting job? I'm just scared I will get hired and won't know anything, also I'm not interested in a big4 just something easier that will help me gain confidence in accounting. Thanks for the help

    submitted by /u/Embarrassed-Button92
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    Russian tax collector

    Posted: 30 Aug 2021 02:44 PM PDT

    Social Worker to Accountant

    Posted: 30 Aug 2021 07:11 PM PDT

    Hey everyone, I've been thinking ALOT lately about finishing my bachelors degree in accounting. I graduated with a B.S in Public Relations, then got a Masters in Social Work and am currently a school therapist. I took a bunch of business classes in undergrad and am thinking about finishing a degree in accounting to make a career change. By the time I finish and look for jobs I will be 30.

    Will I have trouble finding jobs because I'm "older" than college grads? I see a lot of employers want 3-5 years, but could my previous experience supplement this requirement ? I don't need a glamorous job. I would be happy at a non-profit, govt job, school district etc.

    Ok if you've made it this far, my biggest concern, is accounting really THAT boring ? I can't imagine it to be more boring than the job I have now. I see around 3 students a week ( if I'm lucky) and spend the rest of my time literally doing nothing.

    How many people here really enjoy their accountant jobs ? Do you socialize with others throughout the day ?

    I really want a predictable job.

    Thanks in advance !!

    submitted by /u/ank11451
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    Switching Firms as a Senior

    Posted: 30 Aug 2021 06:56 PM PDT

    Hi everyone!

    I have a decision to make about switching firms (local/regional firms) as a senior without my cpa (starting to study currently so won't be licensed for at least another year). Didn't seek out this offer as it came to me from a former senior manager at my current firm who works at this new firm.

    I have a former coworker and good friend who works at the new firm part time and seems to like it so far, but since he's part time and relatively new I'm taking that with a grain of salt. I can't say I'm happy at my current firm due to being understaffed and the only help being new hires who I have to train instead of them actually helping me (universal problem I'm sure) and also scheduling conflicts and no time to jump back in jobs I'm finally getting info for 3 months later (again I'm sure this is universal too).

    That being said, I do love some of my coworkers, the flexibility of being able to leave whenever I want in the day for appointments, and arriving 10/15 mins late in the morning with the rest of my coworkers. I hate change a lot so a familiar environment is nice for me, but I don't want it to hold me back.

    I guess I don't know if I should switch if I'm not TERRIBLY unhappy (but pretty unhappy at times) or stick it out until I get my cpa and have a lot more leverage.

    I've always been one to say who cares about burning bridges but if I were to leave with how understaffed my current firm is, I'd be burning a HUGE bridge god forbid this new position doesn't work out.

    Has anyone else had experience switching to a very similar in size firm? Did it motivate you at all? I'm afraid that I'm not a shiny, new, fresh-faced intern and I'd be making a mistake of not living up to an experienced hire role.

    Thanks!

    submitted by /u/Minimum-Emergency153
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